According to Stratistics MRC, the Global Optical Coherence Tomography market is accounted for $0.78 billion in 2015 and is expected to reach $1.87 billion by 2022 growing at a CAGR of 13.3% from 2015 to 2022. The driving factor for Optical Coherence Tomography market is growing geriatric population, incidences of skin and neurology based disorders, demand for non-radiation imaging modalities, non-invasive medical procedures and increasing patient awareness. Advancing healthcare infrastructure in emerging economies and penetration of technologies such as the high resolution optical coherence tomography in the fields of dermatology and gastroenterology will provide future growth opportunity. Substantial use of OCT devices in drug discovery and development for imaging biological tissues will contribute towards growth of OCT market. Factors like insufficient clinical data and lack of reimbursement facilities are inhibiting the growth of the market.

The handheld OCT device contributes to largest share. SDOCT is commercialized with faster acquisition time compared with Time Domain Optical Coherence Tomography (TDOCT).North America followed by Europe is the leading market because of aging population. Asia-Pacific will grow at the fastest rate during the forecast period.

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